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SOLD
Phillips Arcade, 31-43 Puckle Street, MOONEE PONDS, VIC, 3039
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Property Highlights

"PHILLIPS ARCADE" - A STRATEGIC VALUE ADD FREEHOLD INVESTMENT

SOLD!

  • Currently returning $320,000 pa* with early termination and re-development clauses
  • Enormous potential for cash flow uplift with estimated fully let income of $500,000 pa*
  • Substantial 1,887sqm* land holding with rear access and 23* on-site car parks.
  • One of the last remaining super sites on Puckle Street with dual access
  • An established and iconic retail arcade with a massive 30 metre* frontage
  • Building consists of 15 tenancies comprising 14 retail shops and large first floor office space.
  • Strong performing 7 day trading retail and commercial precinct
  • Highly sought after location just 6km* from the Melbourne CBD
  • Property offers a unique and exciting opportunity to acquire a freehold building with significant development potential.
  • Located in a vibrant Activity Centre Zone (ACZ) allowing for multiple re-development strategies (STCA).
  • Property to be sold with the added benefit of an approved planning permit for a 10 storey mixed use building comprising 84 apartments, 9 retail shops and office

For further information, contact the marketing agents in conjunction with Allard Shelton

Remember to mention you found this property on DevelopmentReady

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